Purpose

To receive a year end capital budget update

Decision

Resolved:

Cabinet is asked to approve:

1. Budget movements as follows:

a.     the virement of £4.190m from the 2026/27 Stone Circle Development Company Loan Capital Scheme line to the 2026/27 Stone Circle Housing Company Loan Capital Scheme Line and the subsequent draw forwards into 2025/26 to offset expenditure in year;

b.    the virement of £0.376m from the Highways Improvement Plan Phase 2 to the Lyneham Banks Capital Scheme line;

c.    the virement of £0.470m from the Integrated Transport Capital Scheme line to the Structural Maintenance and Bridges Capital Scheme line;

d.    the virement of £0.550m from the Trowbridge Leisure Centre Capital Scheme line to the Structural Maintenance and Bridges Capital Scheme line;

1. the merger of the Property Carbon Reduction Capital Scheme line and the Park and Ride Solar Canopy Capital Scheme line to continue to deliver energy saving and energy generating projects as a single programme of work;

1. the additional capital budgets of £4.770m funded by grants, developer contributions, other contributions and revenue contribution to capital (funded from earmarked reserves) added to the programme under Chief Finance Officer delegated powers;

1. that the £7.726m of High Needs Place Allocation grant (2025/26) received from the DfE is used to reduce the remaining borrowing on the High Needs Capital Scheme line. In doing so this will result in an addition to the High Needs Capital Scheme line of £0.318m to be added to future years;

1. that up to £14.701m of grant funding programme from Homes England’s Social and Affordable Homes Programme 2026 - 2036 is accepted and used to offset borrowing against the Council House Build Programme Capital Scheme line over future years. £1.2m has been approved, the remainder of the grant funding is subject to final confirmation from Homes England;

1. the grant income applied for and/or received as set out in Appendix C and Appendix D;

Cabinet is asked to note:

1. The virements made under Chief Finance Officer and Corporate Director delegated powers

a.    £0.177m from the High Needs Provision Capital Allowance Capital Scheme Line to the Basic Need Capital Scheme line;

b.    £0.171m from the Silverwood School Capital Scheme line to the Maintenance and Modernisation Capital Scheme line;

c.    £0.008m from the 2026/27 Maintenance and Modernisation Capital Scheme line to the 2026/27 Stonehenge Capital Scheme line and the subsequent draw forwards into 2025/26 to offset expenditure in year;

d.    £0.100m from the Drainage Improvements Capital Scheme line to the Highway Flooding Prevention and Land Drainage Capital Scheme line;

e.    £0.211m from the Drainage Improvements Capital Scheme line to the Structural Maintenance and Bridges Capital Scheme line;

f.      £0.009m from the Highways Improvement Plan Phase 2 to the Highway Flooding Prevention and Land Drainage Capital Scheme line;

g.    £0.026m from the Highways Improvement Plan Phase 2 to the Structural Maintenance and Bridges Capital Scheme line;

h.    £0.201m from the Local Highways and Footpaths Improvement Groups to the Structural Maintenance and Bridges Capital Scheme line;

1. the budgets brought forward from future years into the 2025/26 programme totalling £10.311m to support the delivery of accelerated projects, in year project overspend, or amendment to in year slippage;

1. the budgets reprogrammed from 2025/26 into future years totalling £10.570m under Chief Finance Officer delegated powers;

1. the removal of £0.291m in total from the following 2025/26 budgets as schemes are either complete or not progressing:

a.    £0.075m from ICT BAU Capital Scheme Line

b.    £0.012m from Parking Contactless Machines Capital Scheme Line

c.    £0.109m from the Chippenham Station HUB Capital Scheme Line

d.    £0.047m from the Corsham Mansion House Capital Scheme Line

e.    £0.032m from the Wiltshire Online Capital Scheme Line

f.      £0.017m from the Area Board Capital Scheme Line

1. the Motion to utilise £0.025m of the budget removal in 2026/27 for the purchase of 100 Blood Control Kits for various public, hub office and educational settings across the county as approved by Full Council at its meeting on 19 May 2026;

1. the capital programme end of year spend position of £200.995m for financial year 2025/26;

1. the reduction in the Council House Build programme of 1,000 homes to 500 homes to be delivered by quarter two 2028/29 and the reduction in budget from £294m to £130m as agreed by Cabinet at Budget Setting in February 2026;

1. the reallocation of £60.264m of the removed budget from the Council House Build Programme to the Refurbishment of Council Stock capital scheme line for 2026/27 onwards as agreed by Cabinet at Budget Setting in February 2026;

1. Note that the final Capital Programme spend sets a Minimum Revenue Provision charge to the 2026/27 revenue budget of £24.393m, which is £4.210m less than the budget.

Reason for Decision:

To inform effective decision making and ensure sound financial management as part of the Councils overall control environment.

To inform Cabinet on the final year end capital outturn position for the Council for the financial year 2025/26.